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10x Analyst Warns MicroStrategy Stock Is Overvalued by 26%
In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately predicted this year’s Bitcoin (BTC) rally.
According to him, despite MSTR’s impressive 343% surge this year, the business intelligence company is currently overvalued by 26%. This prediction was based on the 10x Research regression model, which analyzes the relationship between MSTR and Bitcoin’s spot price.
Analysts Warns Investors to Take Profit
The regression model used by 10x indicates that MicroStrategy is currently +26% overvalued, with a potential 20% downside given the prevailing BTC prices.
In light of their findings, 10x advised investors to consider taking profit and reduce long positions. While highlighting that HIVE, HUT, and GALAXY still offer value, the company underscores that substanti
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